Malaysian Ringgit

Malaysian Ringgit

Regional currencies, including the Malaysian ringgit, traded easier against the US dollar. The ringgit ended the week weaker against the greenback, in line with other currencies in the region. This movement was influenced by the higher-than-expected US producer price index (PPI) data, which has led to a delay in expectations for an interest rate cut in the United States in June.

This news has impacted the forex market, causing fluctuations in the exchange rates of various currencies against the US dollar. Investors and traders are closely monitoring the situation and adjusting their strategies accordingly. The Malaysian ringgit, like other regional currencies, continues to be influenced by global economic factors and market developments.